STREET VIEW-Brokerages offer mixed review on Auckland Airport's passenger charge trim

New Zealand's Auckland International Airport AIA.NZ said on Monday it will cut airline passenger charges

The country's competition watchdog had said in its final report on price setting event 4 (PSE4) that the airport operator was overcharging airlines and travellers

AIA's shares ended 1.4% higher at NZ$8.17 on Monday

Stock down 6.1% YTD as of last close

JEFFERIES UPS PT, MORNINGSTAR LOWERS FAIR VALUE ESTIMATE

Jefferies raises PT to NZ$8.50 from NZ$8.30; retains "hold" rating

Co's final return set at 7.82% is higher than brokerage's expectations of 7.51%

However, brokerage estimates PSE4 actual returns to be ~6.37% below final allowed returns of 7.82%

Morningstar lowers fair value estimate by 2% to NZ$9.30/shr

Co's final return set at 7.82% is 20 basis point lower than brokerage's prior forecast

Brokerage says 3% reduction in fiscal 2026 and 2027 net profit forecasts for co

Two of eight analysts rate stock "buy", five "hold" and one "sell"; their median PT is NZ$8.10 – LSEG data